Key Business late payment findings

  • 51% say late payments are more of a problem than they were three years ago
  • 58% say late payments are putting the business at risk of failure
  • 58% of SME owners use personal savings to cover the shortfall from late payments
  • 36% of SMEs don’t credit check any customers

Business and Industry Finance Experts all recommend companies take immediate action where terms are breached.

Leading Debt Collection experts have warned that unless a more pragmatic approach is adopted by company chiefs, the problem will not go away.